LCX, the Liechtenstein-based cryptocurrency exchange, has introduced a new product, LCX Earn, with its first offering being the EURt7 tokenized bond. This is the first fixed-yield-earning product in the cryptocurrency industry that is based on an approved securities prospectus. The tokenized bond was approved by the Liechtenstein regulator and will be available to retail customers in 29 additional European countries under EU passporting rules.
The EURt7 tokenized bond offers a fixed coupon of 7% per annum with a minimum investment requirement of EUR 1,000. This new product will be available to verified customers on the LCX exchange from March 1st, 2023.
The launch of LCX Earn and the EURt7 tokenized bond marks a significant milestone for the company and its mission to redefine finance using blockchain technology. LCX has established one of the world’s first regulated and compliant blockchain ecosystems offering security and utility tokens, and providing advanced trading tools.
Read more: What is LCX and How is it changing Crypto Exchanges?